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ArcelorMittal selling $1.1-billion stake in Canadian iron ore business to Asians

Cecilia Jamasmie | January 02, 2013 | 1:39 pm Asia Canada Europe 

ArcelorMittal (NYSE:MT) has decided to sell off 15% of its Canadian iron ore business, in an attempt to weather the slump in its key commodity. As the biggest steel producer in the world, the company is worth $10 billion. The company...

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